The Reasons And Countermeasures Of Accounting Information Distortion In China's Listed Companies

Accounting,as an information system of financial and economic status provided by various stakeholders such as state management departments,enterprises,investors and creditors,plays a vital role in the development of the state,enterprises and individuals.Accounting provides financial information for stakeholders,and the quality of its information directly affects the decision-making results of stakeholders.Especially the objectivity and authenticity of accounting information can affect the management of national economy and the operation of national economy by the national economic management department at the macro level,and the management and decision-making of business operators and investors at the micro level.Therefore,eliminating the distortion of accounting information and improving the quality of accounting information are the inevitable requirements of the effective operation of the economy and society.The fundamentals of listed companies are the foundation of the long-term healthy development of capital market.Capital market is closely related to the development of national economy.Accounting information can directly reflect the current operating conditions of listed companies.It is the vane of economic adjustment and the basis of benefit distribution.It has the function of weighing and balancing the distribution of benefits.At the same time,accounting information is also a reference basis for fulfilling the agreed salaries of all kinds of personnel.If the accounting information of listed companies is distorted,it will cause irreversible losses and impacts on the whole social economy,listed companies themselves,investors and creditors.For the whole economy and society,the unreasonable allocation of resources and the poor maintenance of market order are not conducive to the healthy development of the economy.For listed companies,although the use of false profit information in a short period of time evades supervision and achieves thepurpose of listing,refinancing or avoiding delisting,accounting fraud can not be sustained for a long time,and ultimately will reduce the public listing.The Division's economic benefits also affect the efficiency of the capital market.For investors and creditors,the distortion of accounting information will lead them to make wrong market judgments and bring huge economic losses to investors and creditors.Therefore,the accuracy and authenticity of accounting information of listed companies is more important than that of general enterprises,and the impact is wider.Once the phenomenon of accounting information distortion occurs,the negative impact will be difficult to estimate.Accounting information distortion of listed companies has always been a major problem in financial industry management.How to effectively prevent the occurrence of bad accounting information distortion of listed companies has become one of the major issues that need to be solved urgently by all sectors of society.Therefore,it is of great practical significance to make an in-depth study on accounting information distortion of listed companies,to explore its causes,influencing factors and main manifestations,and to put forward targeted and effective countermeasures or suggestions to prevent accounting information distortion,to improve the quality of accounting information,to promote the orderly operation of the securities market and the development of the National economy.Righteousness.This paper takes Abbott Company as an example to study and analyze the current situation and forming factors of accounting information distortion of Listed Companies in China.It is mainly divided into six chapters.The first chapter is an introduction.Firstly,the background,significance,ideas and framework of the research are introduced,and the research methods are introduced.Finally,the innovation and shortcomings of the research are pointed out.The second chapter is the theory and literature review of accounting information distortion.Firstly,this paper expounds the concept,quality characteristics and mainfunctions of accounting information,and introduces the definition,classification and influencing factors of accounting information distortion.Next,it introduces the relevant theoretical knowledge of accounting information distortion and the literature review at home and abroad.The third chapter is the manifestation and harmfulness of accounting information distortion of Listed Companies in China.On the basis of introducing the forms of accounting information distortion of Listed Companies in China,this paper expounds the harmfulness of accounting information distortion of Listed Companies in China from two aspects of microeconomic level and macroeconomic level.Chapter four is the case analysis of Abbott Company.On the basis of introducing the development background and main manifestations of accounting information distortion of Abbott Company,this paper analyses the causes of accounting information distortion of Abbott Company from five aspects: government factors,personnel factors,social factors,technical factors and internal audit factors,and describes the economic consequences of accounting information distortion.The fifth chapter is the solution of accounting information distortion of Listed Companies in China.From the government level,personnel level,social level,technical level and internal audit level,this paper puts forward the countermeasures to solve the accounting information distortion of Listed Companies in China.Chapter 6 is the conclusion and Prospect of the study.This paper summarizes the conclusions and results of this study,and makes a self-analysis of the shortcomings in the research process,and looks forward to the future research directions.